Super G provided a second lien non-dilutive $2.1 million term loan to an artisanal Greek yogurt manufacturer which hand makes its yogurt from a proprietary family recipe. The loan consisted of an accounts receivable-based line of credit and an equipment loan.
The company had secured a large round of growth equity capital from a middle market investment bank. During this process, the company required additional capital to complete the opening of a new manufacturing facility that would increase its production capacity and boost revenue, leading to a much higher valuation.
Super G quickly closed its loan which enabled the company to complete the transition to its new facility and created more time for the company’s investment bank to run a complete process and secure the best deal possible. Super G worked in partnership with the bank to structure the transaction on terms acceptable to all parties.
